The conveyancer who assisted with my former purchase has sent a quote for £995 for no sale no fee conveyancing in Thames Ditton. I am looking to sell a Victorian detached home for £300,000. Is this expensive? Is it in excess of what I should be paying for conveyancing in Thames Ditton?
The estimate does seem marginally steep. If you shop around you might decrease the fees slightly by as much as a hundred pounds. That being said, you couldcome to regret opting for an a cheaper conveyancer. Remember to be sure the conveyancer can also act for your lender. Do use our search tool to choose a Thames Ditton conveyancing practice on the lender’s member panel which can often include conveyancing solicitors in Thames Ditton.
At what point does exchange of contracts take place for residential conveyancing in Thames Ditton and am I required to be at the conveyancers office?
Where you are in close proximity to our conveyancing solicitors in Thames Ditton you are invited in to sign the paperwork. However, the firms we work with offer countrywide coverage for conveyancing and give just as detailed and professional a job for you when communicating with you digitally. The signing of the contract is not the important part. A signed contract is necessary for the solicitor to exchange contracts when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Thames Ditton)to be in the office at the appropriate time.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Thames Ditton. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Thames Ditton
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Please confirm the Lease plans are architect prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I opted to have a survey completed on a house in Thames Ditton ahead of instructing lawyers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies will refuse to grant a loan on this type of home.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. If you call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Thames Ditton. Conveyancing will be smoother if you use a solicitor in Thames Ditton especially if they are familiar with such properties in Thames Ditton.
I'm remortgaging my existing house to a BTL mortgage with Barnsley Building Society and I will use the ballance of the raised equity as a deposit on another house. The neighborhood we are interested in is Thames Ditton. Will your conveyancers be able to act for the two lenders and link together the transactions?
Make use of our search tool on this site to check that the conveyancers are on the appropriate lender panels. Assuming that they are the lawyer will be able to simultaneously deal with the two transactions but you should have a chat with you lawyer and specify your expectations and needs.
I am employed by a busy estate agency in Thames Ditton where we have experienced a number of leasehold sales derailed due to short leases. I have been given contradictory information from local Thames Ditton conveyancing firms. Could you confirm whether the seller of a flat can commence the lease extension process for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
My wife and I have hit a brick wall in negotiating a lease extension in Thames Ditton. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We are happy to put you in touch with a Thames Ditton conveyancing firm who can help.
An example of a Lease Extension decision for a Thames Ditton premises is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case related to 1 flat.